DallasNews merges with Hearst; shareholders receive $16.50 per share as trading ceases.
Quiver AI Summary
DallasNews Corporation announced the completion of its merger with Hearst, following shareholder approval on September 23, 2025. As a result, The Dallas Morning News and Medium Giant will now operate under Hearst, a prominent media company, and DallasNews shareholders will receive $16.50 per share in cash. Trading of DallasNews Series A common stock ceased on Nasdaq after the merger closed. The merger was first disclosed on July 10, 2025. J.P. Morgan Securities LLC and Haynes Boone advised DallasNews in this transaction. The Dallas Morning News is recognized for its journalistic excellence, having won nine Pulitzer Prizes, while Medium Giant is a successful creative marketing agency noted for its industry awards.
Potential Positives
- DallasNews shareholders will receive an all cash consideration of $16.50 per share, providing immediate liquidity and a positive financial return on their investment.
- The merger with Hearst positions The Dallas Morning News and Medium Giant under the umbrella of a leading media company, which may enhance operational resources and market reach.
- The completion of the merger strengthens the journalistic legacy of The Dallas Morning News, which has a history of excellence, as it continues to function within a larger, established media ecosystem.
Potential Negatives
- The completion of the merger with Hearst signifies that DallasNews Corporation is no longer an independent public company, which could raise concerns about its future autonomy and decision-making capabilities.
- Shareholders received cash consideration of $16.50 per share, indicating that the company may not have been able to sustain or increase its market value in the long term, leading to its merger with a larger entity.
FAQ
What is the recent merger involving DallasNews Corporation?
The recent merger involves DallasNews Corporation merging with Hearst, completing the transaction on September 24, 2025.
What will happen to DallasNews shareholders?
DallasNews shareholders will receive an all cash consideration of $16.50 per share following the merger.
When did DallasNews shares cease trading?
Shares of DallasNews ceased trading on Nasdaq following the close of trading on September 24, 2025.
Who advised DallasNews during the merger?
J.P. Morgan Securities LLC served as the exclusive financial advisor, while Haynes Boone acted as the legal advisor.
What recognition has The Dallas Morning News received?
The Dallas Morning News has won nine Pulitzer Prizes for its commitment to quality journalism.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$DALN Hedge Fund Activity
We have seen 8 institutional investors add shares of $DALN stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- CITADEL ADVISORS LLC added 16,626 shares (+inf%) to their portfolio in Q2 2025, for an estimated $71,491
- TWO SIGMA SECURITIES, LLC removed 14,934 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $64,216
- VIRTU FINANCIAL LLC removed 10,521 shares (-100.0%) from their portfolio in Q2 2025, for an estimated $45,240
- ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC removed 7,337 shares (-1.9%) from their portfolio in Q2 2025, for an estimated $31,549
- VANGUARD GROUP INC added 4,879 shares (+2.6%) to their portfolio in Q2 2025, for an estimated $20,979
- UBS GROUP AG added 3,629 shares (+1687.9%) to their portfolio in Q2 2025, for an estimated $15,604
- CAMBIAR INVESTORS LLC removed 2,464 shares (-4.9%) from their portfolio in Q2 2025, for an estimated $10,595
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Full Release
The Dallas Morning News and Medium Giant Will Now Operate as Part of Hearst
DallasNews to Cease Trading as a Public Company
DALLAS, Sept. 24, 2025 (GLOBE NEWSWIRE) -- DallasNews Corporation (Nasdaq: DALN) (the “Company” or “DallasNews”), the holding company of The Dallas Morning News and Medium Giant, announced today that the Company’s pending merger with Hearst (the “Hearst Merger”) has now been completed and DallasNews shareholders will receive an all cash consideration of $16.50 per share of DallasNews common stock.
The Dallas Morning News and Medium Giant will now operate as part of Hearst, one of the nation’s leading information, services and media companies.
As a result of the closing of the transaction, shares of DallasNews Series A common stock ceased trading following the closing of trading on Nasdaq on September 24, 2025.
The Hearst Merger was announced by DallasNews and Hearst on July 10, 2025, and the agreement was approved by shareholders at the Company’s Special Meeting of Shareholders held on September 23, 2025.
J.P. Morgan Securities LLC served as exclusive financial advisor to DallasNews Corporation and Haynes Boone served as legal advisor.
About DallasNews Corporation
DallasNews Corporation
is the Dallas-based holding company of
The Dallas Morning News
and Medium Giant
.
The Dallas Morning News
, a leading daily newspaper, is renowned for its excellent journalistic reputation, intense regional focus, and close community ties. As a testament to its commitment to quality journalism, the publication has been honored with nine Pulitzer Prizes.
Medium Giant
, an integrated creative marketing agency with offices in Dallas and Tulsa, works with a roster of premium brands and companies. In 2024, the agency earned top industry recognition, winning an AAF Addy and the AMA DFW Annual Marketer of the Year Award for Campaign of the Year, along with six prestigious Davey Awards. Medium Giant is a wholly owned business of DallasNews Corporation. For additional information, visit
mediumgiant.co
.
Shareholder Contacts
D.F. King & Co., Inc.
Toll-free: 1-866-416-0577
[email protected]
Okapi Partners LLC
Toll-free: 1-844-343-2621
[email protected]
Media Contact
Gagnier Communications
Riyaz Lalani / Dan Gagnier
[email protected]
